The fidelity guarantee insurance policy is designed to offer protection to an organization against the financial consequences of  dishonest act of the employees for loss of cash, stock or other items of property.

The policy can be designed in any of the following ways:-

Named Persons Basis

The names of individuals to be guaranteed would be specified in the schedule and the amount of guarantee fixed against such names.  The main drawbacks on this method is that the policy schedule would be updated regularly whenever an employee leaves or joins the company as the case may be and if the update was omitted, it may result to irrecoverable losses.

Position Basis

Under this method, the designation or position of the employee guaranteed is named instead and the amount guaranteed for each position will have to be specified.

Blanket Basis

The basis provides cover for all staff without having their names or positions specified on the schedule and the amount guaranteed is usually stated for any claim occurring in any one insurance period.  The method provides the widest cover and is also the most expensive of the three methods.

Named Persons Basis

• Names of persons to be guaranteed.
• The amount you wish each named person(s) to be guaranteed for.

Positions Basis

• List of employees occupying “target” position and their designations.
• The amount you require each individual position to be guaranteed.

Blanket Basis

• The total number of employees you wish covered
• Their designations or however they are described
• The limit you wish guaranteed for any given incident
• The limit you wish guaranteed for any given year

Premium can be paid through the following channels:

• Complete a direct debit form
• Complete a standing instruction form with your bank
• Electronic transfer from your account to our account
• Deposit into our bank account
• Please include your name and policy number on all payments.

* Please do not pay cash to/through our Financial Advisor or staff.